Rambling, rumbling, rumination

Vigilante Economics

Wow. I used to read Karl Denninger’s Market Ticker every day, despite my utter disgust with his profanity. He has a good bead on what is happening in the economy and the regulation thereof. I finally tuned him out when he decided to support Obama, despite standing pretty squarely in contrast to the man’s policies. I just don’t understand some people.

Anyway, on a whim, I made the rounds of Mish, Calculated Risk and even picked up the Market Ticker today. Denninger’s in fine form, but even he‘s bothered about Hal Turner.

In Denninger’s article, he links to Turner’s site, where you’ll find him effectively calling for mob “justice” against the banksters who ruined this country. Now, I’d like to see these ripoff artists get their just desserts, but in my mind, that’s something that comes by due process of law. Mob rule is best avoided.

Of course, as Denninger notes, there is a very real sense of betrayal, as it is the government itself, the stewards of the law, who are aiding and abetting the fraud. (Check out The Creature from Jekyll Island for kicks.) In many ways, it’s the regulators’ fault that we’re in the position we’re in.

That said, I know it’s cliche, but two wrongs do not make a right. Descending into mindless mob rule, even if it’s fueled by righteous (or self-righteous) anger, is not going to make things better. As much as we all love Batman for being willing to stand up to the bad guys, even he has a code of ethics that keeps him from total anarchy.

We cannot be vigilantes and live outside of the law, if we hope to maintain our country.

At the same time, if a country puts its citizens in a position where open revolt is the only possibility for real change (Obama’s “change” is a joke), perhaps the things that are worth maintaining have already been forsaken.

Please take the high road, and stand for the principles of liberty and honesty that this country were founded on… even if and especially if those in power have forsaken them. Someone needs to do the right thing, and it isn’t vigilante justice.

In a world gone mad, it’s still best to resist the urge to join the fray.

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2 Responses

While I agree that mob justice isn’t the answer, I think it is important that we take one thing into consideration when it comes to relying on due process to fix the current situation. The current economical situation was engineered by design. The bankers didn’t plant the seeds for recession, the government did. So what do we do? When those we put our faith in use that faith to sow the seeds of economic disaster knowing full well that they are protected from any and all consequences, what is to be done? The bankers have all the ammuntion necessary to morally bankrupt even the most hard core regulator, and I’m not talking about just bribes. Just look at the list of presidents who dared take on the central bank to get an idea of what I’m talking about. All of them were assassinated with the exception of Andrew Jackson who would have been had the 2 guns not misfired. The banks worked long and hard to gain this much control over the world and make no mistake, they WILL kill whoever they need to to keep that control. Sooo I guess I am still left with the question of what course of action is best when it comes to dealing with a murderous cartel, bent on world domination, established and supported by perpetual fraud, and answers to noone?

I’m not saying to let them have their way, certainly. It’s just that stooping to mob rule and random violence isn’t actually going to help anything, and there will still be puppet masters in the shadows that we don’t know about and can’t hit with a pitchfork anyway.

The solution to a shadowy cabal is to use a flashlight. Educate the people about what is going on, trace the connections, enforce the existing laws, and get public sentiment out of the popularity contest and back into real civic duty and moral responsibility.

Y’know, stand for the right thing, rather than merely stand against something wrong.